STUDIO BOURGOIS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
STUDIO BOURGOIS
Largest movements
- Tangible fixed assets +€13,405
up €13,405 (+289.3%), from €4,633 to €18,038
of which Plant, machinery and equipment: +€14,476
- Receivables within one year -€6,750
down €6,750 (-72.5%), from €9,310 to €2,560
of which Trade receivables: -€6,333
- Cash +€4,754
up €4,754 (+81.5%), from €5,831 to €10,585
mainly Net result for the year (+€10,680) and Receivables within one year (+€6,750)
- Profit (loss) carried forward +€10,680
up €10,680 (+114.8%), from €9,302 to €19,982
- Trade debts -€3,334
down €3,334 (-99.3%), from €3,359 to €25
- Other debts +€2,804
up €2,804, from €0 to €2,804
- Tax, wage and social debts +€728
up €728 (+12.5%), from €5,805 to €6,533
of which Taxes: +€728
- Accrued charges and deferred income +€500
up €500 (+50.0%), from €1,000 to €1,500
- Gross operating margin +€10,529
up €10,529 (+166.1%), from €6,338 to €16,867
- Taxes +€1,932
up €1,932 (+106.0%), from €1,823 to €3,755
- Depreciation +€391
up €391 (+32.4%), from €1,204 to €1,595
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,967 | €33,344 | +€11,377 | +51.8% |
| Fixed assets | 21/28 | €4,633 | €18,038 | +€13,405 | +289.3% |
| Tangible fixed assets | 22/27 | €4,633 | €18,038 | +€13,405 | +289.3% |
| Plant, machinery and equipment | 23 | €1,020 | €15,497 | +€14,476 | +1418.9% |
| Furniture and vehicles | 24 | €3,613 | €2,541 | -€1,072 | -29.7% |
| Current assets | 29/58 | €17,334 | €15,306 | -€2,028 | -11.7% |
| Amounts receivable within one year | 40/41 | €9,310 | €2,560 | -€6,750 | -72.5% |
| Trade receivables | 40 | €8,892 | €2,560 | -€6,333 | -71.2% |
| Other amounts receivable | 41 | €417 | €0 | -€417 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,831 | €10,585 | +€4,754 | +81.5% |
| Deferred charges and accrued income | 490/1 | €2,193 | €2,161 | -€32 | -1.5% |
| Total equity and liabilities | 10/49 | €21,967 | €33,344 | +€11,377 | +51.8% |
| Equity | 10/15 | €11,802 | €22,482 | +€10,680 | +90.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,302 | €19,982 | +€10,680 | +114.8% |
| Amounts payable | 17/49 | €10,165 | €10,862 | +€697 | +6.9% |
| Amounts payable within one year | 42/48 | €9,165 | €9,362 | +€197 | +2.2% |
| Trade debts | 44 | €3,359 | €25 | -€3,334 | -99.3% |
| Suppliers | 440/4 | €3,359 | €25 | -€3,334 | -99.3% |
| Taxes, remuneration and social security | 45 | €5,805 | €6,533 | +€728 | +12.5% |
| Taxes | 450/3 | €4,203 | €4,931 | +€728 | +17.3% |
| Remuneration and social security | 454/9 | €1,602 | €1,602 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €2,804 | +€2,804 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,500 | +€500 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,204 | €1,595 | +€391 | +32.4% |
| Other operating charges | 640/8 | €650 | €668 | +€18 | +2.8% |
| Gross operating margin | 9900 | €6,338 | €16,867 | +€10,529 | +166.1% |
| Operating profit (loss) | 9901 | €4,484 | €14,604 | +€10,120 | +225.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €77 | €169 | +€92 | +119.2% |
| Recurring financial charges | 65 | €77 | €169 | +€92 | +119.2% |
| Profit (loss) for the period before taxes | 9903 | €4,408 | €14,435 | +€10,027 | +227.5% |
| Income taxes | 67/77 | €1,823 | €3,755 | +€1,932 | +106.0% |
| Profit (loss) for the period | 9904 | €2,585 | €10,680 | +€8,095 | +313.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,585 | €10,680 | +€8,095 | +313.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.